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AGENDA ITEM #10.1 <br /> REPORT TO <br /> CITY COUNCIL <br /> Date: September 4, 2007 <br /> Subiect: Preliminary General Fund Levy and HRA Levy <br /> Report: The Council will be asked to set the preliminary <br /> general fund levy and HRA levy at this meeting. <br /> `. At the last budget meeting on August 14th, the Council <br /> requested staff to make the following amendments to the <br /> general fund budget. <br /> • Reduce the wages from 6% to 5% <br /> • Increase the Council Contingency by $7,000 for <br /> possible wage adjustments <br /> • Cut $10,000 from the Capital Outlay Carryover line <br /> item in the HRA Budget <br /> These changes have been made. The changes reflect a <br /> general fund levy of $1,489,150 which is an 8.67% increase <br /> from the 2007 levy. This number reflects a $9,160 decrease <br /> from the proposed levy presented at the August 14th <br /> meeting. <br />